Skip to main content

Market drops, recovers and runs. Is it rally time? Watch video. Plus a watch list

Today the market was a roller coaster.

Prior to the open, all indices were down almost 3% following a discouraging September CPI report, showing inflation up 8.2% from the same month last year.

Despite the disappointing numbers and the heavy premarket drop, after the opening, things started to take a positive turn. By the end of the day, all indices were up almost 3%!

Today's price action displayed the same pattern formation across all indices: a bullish engulfing, which is potentially indicative, of the beginning of a bullish reversal.

Now, inflation still runs high, the Feds are nuts and things are still a mess out there. So caution is still a requirement. However, there's hope. Let's see what happens next. 

Watch this video to get the technicals and what to expect moving forward.

Good trading!

Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.


Popular posts from this blog

Cathie Wood Dives Into Bargain Tech Stocks Amid Market Volatility

4 Ways Chipotle and Cava Mirror Success in the Fast-Casual Dining Industry